Shared by
beno
Fundamentals
-Float = 144M
Catalysts / News / Painting the picture
-Up swing fueled by below Dec 10 2019 Morgan Stanley comments:
-Morgan Stanley Bullish On Virgin Galactic, Says Space Tourism Is Incubator For Hypersonic Travel
-SPCE has caught the eyes of many traders lately, also been in the news as the stock to beat TSLA's run
-May 05 2020: Earnings - strong cash position, more then $400m in cash, no meaningful revenues, still growth company
-May 06 2020: CEO on TV
-Jul 16 2020: New CEO / old Disney parks CEO
-Dec 14 2020: Test flight failed, rocket engine failed startup sequence.
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade Ext. Cap. long
Confluence: Half $
Strike Zone: N/a
Sizing (lots + emergency): 500
Risk (stop / Rs): 25.49
Review / Lessons Learned
Took 3 cuts on full size and still turned trade green on 4th attempt, tape was weak at 25.5 but 25.49 never printed, so the iceberg order caused it to bounce 50c, +6R but took 4R's worth of cuts on the way down, +2R net
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-15 11:50:57 | SPCE | buy | $25.280 | long |
| 2020-12-15 11:50:57 | SPCE | buy | $25.270 | long |
| 2020-12-15 11:55:04 | SPCE | sell | $25.250 | long |
| 2020-12-15 11:55:04 | SPCE | sell | $25.250 | long |
| 2020-12-15 11:55:04 | SPCE | sell | $25.250 | 0 |
| 2020-12-15 11:55:28 | SPCE | buy | $25.260 | long |
| 2020-12-15 11:55:28 | SPCE | buy | $25.260 | long |
| 2020-12-15 11:55:42 | SPCE | buy | $25.280 | long |
| 2020-12-15 11:55:42 | SPCE | buy | $25.280 | long |
| 2020-12-15 11:55:42 | SPCE | buy | $25.280 | long |
| 2020-12-15 11:56:24 | SPCE | sell | $25.230 | long |
| 2020-12-15 11:56:24 | SPCE | sell | $25.230 | 0 |
| 2020-12-15 12:03:09 | SPCE | buy | $24.910 | long |
| 2020-12-15 12:04:23 | SPCE | buy | $24.820 | long |
| 2020-12-15 12:04:23 | SPCE | buy | $24.815 | long |
| 2020-12-15 12:04:23 | SPCE | buy | $24.820 | long |
| 2020-12-15 12:04:32 | SPCE | sell | $24.780 | long |
| 2020-12-15 12:04:32 | SPCE | sell | $24.780 | 0 |
| 2020-12-15 12:06:21 | SPCE | buy | $24.550 | long |
| 2020-12-15 12:07:42 | SPCE | buy | $24.600 | long |
| 2020-12-15 12:07:42 | SPCE | buy | $24.600 | long |
| 2020-12-15 12:07:42 | SPCE | buy | $24.600 | long |
| 2020-12-15 12:07:42 | SPCE | buy | $24.600 | long |
| 2020-12-15 12:09:18 | SPCE | buy | $24.590 | long |
| 2020-12-15 12:09:18 | SPCE | buy | $24.590 | long |
| 2020-12-15 12:09:18 | SPCE | buy | $24.590 | long |
| 2020-12-15 12:09:46 | SPCE | sell | $24.500 | long |
| 2020-12-15 12:09:46 | SPCE | sell | $24.500 | 0 |
| 2020-12-15 12:10:02 | SPCE | buy | $24.570 | long |
| 2020-12-15 12:17:07 | SPCE | sell | $24.960 | long |
| 2020-12-15 12:17:40 | SPCE | sell | $25.020 | long |
| 2020-12-15 12:17:50 | SPCE | sell | $25.040 | long |
| 2020-12-15 12:17:50 | SPCE | sell | $25.040 | long |
| 2020-12-15 12:18:02 | SPCE | sell | $25.020 | long |
| 2020-12-15 12:18:15 | SPCE | sell | $25.010 | long |
| 2020-12-15 12:19:38 | SPCE | sell | $25.010 | long |
| 2020-12-15 12:19:38 | SPCE | sell | $25.010 | 0 |
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